Building capital to fund more deals.

[Devin Johnson]

I am a young investor in the San Antonio Texas area and have looked into wholesaling as a way to fund my current rehab and to fund my next unit. I know the the basics of wholesaling properties but would like to know if there is information or guidance to dive deeper into the world of wholesaling. 

[Rick Pozos]

I network wherever I can. I co-chaired my 30 year reunion planning committee a few years back(got 3 deals from that over the last 3 years). I host a monthly wine therapy, pre-covid, but its coming back soon(found a private lender and a few deals over the last 7 years). I help lots of people with their real estate issues. I give out information about title companies, loans, IRAs, construction. I help neighbors with little issues that they have with their house. If I see someone cutting down a tree in their yard, I go help them(for free). And while we are chatting, I tell them what I do and give them a card.

And then I am in a big REIA, zoom a few real estate groups a month, 3 Facebook pages, website, post regularly to help people here on BP.

OH, and I do direct marketing to people behind on mortgages, taxes, modifications, estates and a few others.

All that gets me in front of people. What you do with those people will get you some deals. You have to build trust, then you got the deal.

I have not bought a deal from the MLS since about 2013 or 2014. I find the 70% minus repairs type of deals that everyone says are nowhere to be found, but I keep finding them. Strange.